Bitcoin

Never understood investing in currency. It's a step down from commodities and I wouldn't want to invest in them either.

Glad I got mine when it was $200!

Try selling it and then come back and report the real value.  

Bitcoin functioned from behind the scenes for years as straight 1for1 currency for the sole purpose of hiding transactions.  There is no value beyond using the currency as an exchange for goods.

I use it for certain torrent sites as it is their preferred way to donate 

>> Bitcoin functioned from behind the scenes for years as straight 1for1 currency for the sole purpose of hiding transactions.

This makes no sense. Bitcoin transactions are public. All transactions are published in a blockchain. 

So which one was it that vanished or collapsed with gazillions of Bitcoin ?? Something like MT.Gox.

Whatever happened with that, or was it just gov. front , beyond legal ramifications ??

I remember that shot with Mt Gox. Right around the time Silk Road went down. Obviously, the two were connected. Bitcoin has really turned into a great way for rich people and the cartel to launder and embezzle money.

>>Try selling it and then come back and report the real value. 

What the fuck are you talking about? lol

My friend has made a ton of money buying and selling bit coin. He has been doing it for years and I bet he has made close to 100,000 doing it. He has a few coputers mining for them (whatever that is)

((((((((((BITCOINS)))))))))

...

Read up on the 'crypto-currencies' a while back.  From what I gathered BTC mining is not quite as rewarding as 'the old days'. The cost of electricity to run a nest of PC's offsets the gains.

However, if you are the administrator for say a School, Office, or other place with a large network, you could set all the machines to mine all night long.

That was one guy's story.

What sketches me out is the scarcity of places to cash out the Cryptos, but I probably did not do enough research.

I am a simpleton who sells Firewood. Here's your Oak, thanks for the Ca$h, now I can go buy a Pizza and bag of Dog Food.

Seadog is a simple goat herder so I guess you win.

I like Bitcoin and have since 2013 ,buying most significant dips but jumped in bigtime summer 2015- winter 2016 when it was clear which way this crypto thing was going.

Moved a bunch of the profits into Ether about 2 months back.

I like Ether even more.

Their smart contract use of this technology is being adopted by more and more big banks and corporations.

The block chain is here to stay and it's going to slowly change everything.

Pretty happy I didn't listen to the naysayers around here.

and I can't stress this enough......

Keep your coins in a hard wallet.

I keep some walking around/ trading money in the Coinbase account, but the bulk of it gets moved offline pretty quickly.  The exchanges do get hacked from time to time.

Another nice little pop for Ether last night.

.....And another jump from Ether yesterday, which is hovering around $100 now.

Bitcoin at $1600 currently.

Tokens as an asset class have surpassed $30 billion now.

It's projected to be around $300 billion in four years.

The blockchain is the future, kids.

Bitcoin and Ether both jumped a good little bit last night again.

Bitcoin = $1950

Ether = $ 112

Loving the Cryptos right now. 

I see they added LTC to Coinbase.  

There are boards where the demographics skew younger and the bitcoin discussions are much more robust. 

https://www.phantasytour.com/bands/phish/threads/4308519/crypto-currency...

amazing it's at 2000$, wow. 

i remember purchasing btc at like, $60/coin. 

if 1 coin is worth 2k, how do i fucking get change brah?

Btc $2040

Eth $128

^

Odd question, but here goes...

Do you, like stocks, pay taxes on your investment based on appreciation or depreciation? I would think you are supposed to. I wonder what way you need to show said appreciation or depreciation? I don't think there is a form for that a bitcoin "bank" has to produce.

I payed capital gains in 2015 and 2016 when I first took profits, the amount of my initial buy in, but the govt doesn't as yet consider currency an "investment", so it's a bit of a grey area and the are trying to codify it better.  I do know that have asked for Coinbase Records from 2013-2015 and that has caused a stir.

Currently.....

Btc = 2265

Eth = 170

Anyone know where I can pick up a nice monocle and top hat soon?

The recent burst is nice but seems unsustainable and is a little scary.

I'd like to see a little pullback for more buying opportunities.

My last price alert for Ether was set at $43.  Won't see that again any time soon.

Btc $2380

Eth $197

Lotta action in one month.

I hope this thread has spurred a few to get some skin the game.

The blockchain really is the future.

This is interesting, I don't know much about it due to being an old person, or something.

So does it go up & down a lot, or does it generally go up all the time? (which is what it seems from what I have seen in this thread so far)

Because that would be a pretty good deal if so. 

Is there a catch?

Maybe we don't know what the catch is yet?

oh, it definitely goes down. this 2000 plus has never been seen before in the btc world. 

something will give and it'll drop.....or maybe it won't, and 2000 is the new bottom.

Oh it definitely goes down.  I see those as buying opportunities, though.  We seem to be in a bit of a bubble now and I don't write any checks until the cash is in USD in my account, but for the foreseeable future, some of these alt coins are a long term hold, imo.

We are just at the tip of the iceberg with blockchain applications and I see articles every day about established businesses moving towards this technology.

http://fortune.com/2017/05/20/ethereum-ico-blockchain-token/

"BLOCKCHAIN

The Financial Tech Revolution Will Be Tokenized"

Coupled with the demonization of cash and "experiments" like India recently held, eliminating cash altogether, this really looks like it's only headed in one direction.

The Chinese banks are imploding and lots of people looking to preserve their assets. 

Fidelity has also been mining bitcoin.

My understanding is that corporations are buying it up so they can pay off ransom ware if they get infected. 

On another note I know an addiction specialist who takes bitcoin who got a lot of new patients when silk road first went down. People had lots of bitcoin and no where to spend it. 

>> 2000 plus has never been seen before in the btc world. 

>> 2000 is the new bottom.

LOL!

^ caps...

Btc $2760

Eth  $212

This is getting ridiculous.

If this keeps up, the Winklevoss Twins will be our new overlords by 2020.

wow. 3000 this week?

The brief plunge Fri> Sat was a great buying opportunity.

Picked up a few more Ether at $137 knowing China was opening a huge exchange that incentivized it over BTC on Wednesday.  

Right now.....

Btc  $2222

Eth $ 230

“The only thing that really worried me was the ether. There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge. And I knew we'd get into that rotten stuff pretty soon. Probably at the next gas station.”

― HST

Do you have any interest in alternate currencies?

Not a bit.

More room for me to dance!

Thanks for the no- interest bump, Surf.

It was actually supposed to be a joke bump.

Ha. Ill admit,  that went right over my thick head, Surf.

:: fist bump :: 

looks to be hovering around 2200-2300. 

i definitely made a nice little bump:)

Btc $2854

Eth $260

fun times.

Btc $2871

Eth $294

how/where do you "buy" them?

Damn rising & rising still. How you do get in? 

how does one convert a bitcoin to cash when needed? Do you need to find a buyer at that price?

localbitcoins.com is one place for secure, quick and easy access. 

the blockchain......not just for the dark web any more.

https://www.cryptocoinsnews.com/former-us-defense-official-urges-govt-in...

Turtle and Catch, there are exchanges such as Coinbase, Poloniex or Gemini where you can register for an account, fund it and begin trading. 

Little dip this past week.  Things pulled back a bit after going parabolic the last six weeks.  It's a good thing.

Btc $2570

Eth $360

Ether was sub $300 for a bit on Thurs. 

I'll probably kick myself for not picking up a little at that time.

Does anyone who is speculating in this currencies have a problem with how a large percentage of use is due to purchasing large quantities of synthetic opiods from Chinese labs?

>> Does anyone who is speculating in this currencies have a problem with how a large percentage of use is due to purchasing large quantities of synthetic opiods from Chinese labs?

Source?

Someone should google that

<<<Does anyone who is speculating in this currencies have a problem with how a large percentage of use is due to purchasing large quantities of synthetic opiods from Chinese labs

About as much problem as I have with them using USD, which is still, by and far, the preferred currency of sketch around the globe.

^ha. 

right. 

Maybe this will interest people here a little more than the rest of this thread.

"Using Blockchain Tech to Keep Concert Ticket Prices Honest"

https://bitcoinmagazine.com/articles/using-blockchain-tech-keep-concert-...

So many blockchain applications.

This is just the tip of the iceberg.

i have a buddy who made 40k selling bitcoins a few years ago which he used as the downpayment on a houseboat.

if he had sold those bitcoins now he would have made well over 400k

i was a part of the online drug market before sites like the silk road and bitcoin, when it was all just amorphous groups on message boards, posting their "menus" and doing business via encrypted emails and envelopes full of cash. i do not miss services like western union, mt gox or liberty reserve, holy shit

just another missed opportunity...if i had bought bitcoins when folks around me first started mentioning their increases in value, i could be a millionaire...

^have you heard of the majestic garden?

Wild ride lately.

some great buying opportunities last week.

right now....

btc $3885

eth $284

ltc $52

Iot $0.56

Jamie Dimon had some not so great things to say about bitcoin recently, but coming from the guy that practically caused the financial crisis 10 years ago, his comments seem to have had the reverse effect as intended in the crypto community.

Litecoin and Iota are two more i've added since June.

Buy the dip.

Sell a little when it goes parabolic.

rinse/ repeat.

and a Forbes staff writer has a great response to Dimon's negativity last week.

https://www.forbes.com/sites/laurashin/2017/09/18/jamie-dimon-heres-why-...

XRP in still water.

>>>   the guy that practically caused the financial crisis 10 years ago

that's just silly, JP Morgan was one of the few banks that remained solid, it was marginally involved in mortgage securities.   The real culprits were the unregulated lenders (unregulated thanks to Dick & Dumber) such as Countrywide, New century, Qucikloans, etc....aided and abetted by ratings agencies that rated bumdles of these shitty loans AAA.

Right.  

JP Morgan had to negotiate a $13 billion deal with the government over their shady mortgage bonds sold to investors because they were innocent.

it should also be noted that JP Morgan is quietly working on its own Blockchain project called Quorum that works on Ethereum, so Dimon's comments come off as disingenuous at the very least.

^^^^^

Don't forget Jr's Sec of the Treasury, Henry Paulson, it was his decision to let Lehman Brothers die, supposedly for personal reasons, that really got the crisis rolling...

guy,

I did not say JP Morgan was innocent, I said the idea that they "practically caused the financial crisis" was silly, as it is.

The whole industry was involved, and as I said, the worst players were the non-bank lenders, which all collapsed.

The next worst were the Ratings agencies (S&P & Moodys' primarily)

Then come the banks that failed:

Bear Stearns

Merril Lynch

Lehman Brothers

Washington Mutual

Wachovia

etc

Many other banks settled, including:

BankAmerica:  $16 billion https://dealbook.nytimes.com/2014/08/21/bank-of-america-reaches-16-65-bi...

Citibank:  $7 billion:  https://dealbook.nytimes.com/2014/07/14/citigroup-and-u-s-reach-7-billio...

Goldman:  $5 billion https://www.wsj.com/articles/goldman-reaches-5-billion-settlement-over-m...

Wells Fargo: $1.2 Billion  https://www.nytimes.com/2016/02/04/business/dealbook/wells-fargo-to-pay-...

All told, the banks paid at least $110 billion (One Hundred Ten) in mortgage settlements:  https://www.wsj.com/articles/big-banks-paid-110-billionin-mortgage-related-fines-where-did-the-money-go-1457557442

So JP Morgan had about 12% of the big bank fines.  ($13 billion out of $110 billion)

Now, about that $13 billion: https://www.justice.gov/opa/pr/justice-department-federal-and-state-partners-secure-record-13-billion-global-settlement

As the DOJ said, these fines were for the behavior of Bear Stearns and Washington Mutual (both acquired by JP Morgan during the crisis) as well as JP Morgan.

Bear and Washington Mutual were MUCH bigger players in mortgages than was JPM/Chase.

In sum:

Was JP Morgan a bank?  Yes.

Did it make shitty loans, just like any other bank?  Yes.

Did JP Morgan practically cause the mortgage crisis?   No.

Yeah, I was obviously using "practically" a little hyperbolically.

I surely don't believe one man or even one institution was responsible for this. He is a good personification of the overall problem for our purposes in this discussion and l was speaking broadly, given his comments.

Sorry you didn't get that, but the condescending remedial history lesson was mildly entertaining.  

Do you not do different colors any more?

I liked those! 

Bought some golem today

Smells like the dot com era revisited.

Smells like a money making video game

how'd gold work out for ya, Guy?

Never bought it, CrazySteve.

Don't own an ounce. You seem to be projecting.

Maybe you are just confused like you were on election night when you were blaming VA "Bernie Bros" for the downfall of western civilization as the state was going blue.

But crypto has worked out brilliantly for me so far over the past four years.

I've worked it to outpace many of my other traditional investments over that time period.

The fact that it's house money at this point and only represents a tiny percentage of what I'm working with keeps it fun and dispassionate for me.

People love to see others fail. 

Sweet life.

What are your favorite alt coins guy?

BTC

ETH

LTC

IOTA

XRP

Monero

Zcash

Just recently dipped in to the last four on the list to have a little skin in the game.

Heavy and long on BTC and ETH with LTC in third place.

Tell me about Golem, Bro.

Granted, it's not unlike the dot com era and there are thousands of these ICOs that will go bust almost immediately, but, like the dot com era, there will emerge standards going forward that are powerhouses and people that got in on those (now) standards at the end of the '90s are sitting on some nice money in many cases.

I've been buying eth over the last year a little every week

wish I was more active earlier lol

found out about bitcoin in 2012 when I made a 100$ donation to a private torrent site.

golem is a concept but it's very exciting to me https://www.forbes.com/sites/laurashin/2017/07/10/how-crypto-tokens-work...

and I'm also playing with house money so it's fun 

also like mtl, factoid and Komodo 

Funny that the JP Morgan Financial Crisis issue and its resultant fines should come up here. These fucking scumbags paid the fines with fake mortgages, collecting other peoples money.

It's like all they know is to Ponzi Scheme.

Special Investigation: How America’s Biggest Bank Paid Its Fine for the 2008 Mortgage Crisis—With Phony Mortgages!

https://www.thenation.com/article/how-americas-biggest-bank-paid-its-fin...

After JPMorgan’s deceitful activities in the housing market helped trigger the 2008 financial crash that cost millions of Americans their jobs, homes, and life savings, punishment was in order. Among a vast array of misconduct, JPMorgan engaged in the routine use of “robo-signing,” which allowed bank employees to automatically sign hundreds, even thousands, of foreclosure documents per day without verifying their contents. 

A Nation investigation can now reveal how JPMorgan met part of its $8.2 billion settlement burden: by using other people’s money

“No one in Washington seems to understand why Americans think that different rules apply to Wall Street, and why they’re so mad about that,” said former congressman Miller. “This is why.

JPMorgan’s litany of acknowledged criminal abuses over the past decade reads like a rap sheet, extending well beyond mortgage fraud to encompass practically every part of the bank’s business. But instead of holding JPMorgan’s executives responsible for what looks like a criminal racket, Obama’s Justice Department negotiated weak settlement after weak settlement. Adding insult to injury, JPMorgan then wriggled out of paying its full penalties by using other people’s money.

And Dimon wonders why we like crypto?

BTC= 4786.01

(it was around $1800 when Tim started this thread)

Where'd mannfred go?

BTC= $5626

im new to the game.

i find it more fun than anything.

you grabbing NEO, guy? 

BLOCKCHAIN, EXPLAINED

AN MIT EXPERT ON WHY DISTRIBUTED LEDGERS AND CRYPTOCURRENCIES HAVE THE POTENTIAL TO AFFECT EVERY INDUSTRY.

http://mitsloan.mit.edu/newsroom/articles/blockchain-explained/?utm_sour...

NEO is just popping up on my radar, uhollis.

Your mention is making me do a double take and look a little harder at it.

BTC $5750

ETH $ 342

LTC $ 63.80

>> AN MIT EXPERT ON WHY DISTRIBUTED LEDGERS AND CRYPTOCURRENCIES HAVE THE POTENTIAL TO AFFECT EVERY INDUSTRY.

There is nothing proprietary about blockchain or the asymmetric cryptographic primitives that make it up. An implementation of a non-proprietary technology shouldn't have value by itself. Anyone can and will copy it as evidenced by the numerous copycat coins. 

I'm not a hater. I'm not jealous. I just think the coins are a bubble. 

spare some change?

You guys are buying these coins because you think they are undervalued, right? How do you determine their true worth? I know how to price a stock based on financial  metrics and ratios, but not a currency. And surely not a currency like this.

Show me your math. What are your triggers to buy/sell? What metrics do you use to determine it's value?

...

La propriété, c'est le vol!

Property is theft! (French: La propriété, c'est le vol!) is a slogan coined by French anarchist Pierre-Joseph Proudhon in his 1840 book What is Property? Or, an Inquiry into the Principle of Right and of Government.

If I were asked to answer the following question: What is slavery? and I should answer in one word, It is murder!, my meaning would be understood at once. No extended argument would be required to show that the power to remove a man's mind, will, and personality, is the power of life and death, and that it makes a man a slave. It is murder. Why, then, to this other question: What is property? may I not likewise answer, It is robbery!, without the certainty of being misunderstood; the second proposition being no other than a transformation of the first?

— Pierre-Joseph Proudhon, What is Property?[I]

"crazy'

"confused"

"condescending"

"colors"

"mannfred"

having fun, "guy"?  

Bitcoin is a bubble?

hope you live long enough to see that

<<<having fun, "guy"?

absolutely!

BTC just passed $6000.

Really glad I didn't listen to you in 2013.

Ender, your graph is interesting because it doesnt mention the rise of Chinas interest in coins other than Bitcoin right arpund the time the graph falls off halfway through 2016.  Thats right around before Ether took off, too, so the information doesnt present a complete picture.

>  I just think the coins are a bubble. 

When are you shorting ?

<<<<Try selling it and then come back and report the real value

ok, Jonas.

I sold some two weeks ago at a "real value" of $5800/ bitcoin knowing it wouldn't hold the way it was climbing.

I then used that cash to buy more back than I sold when when it was around $5300 last week.

Now it's around $6000.

<<<Try selling it and then come back and report the real value

lol u should lose all credibility if you ever had any lol

>> When are you shorting ?

I'm not a currency trader.  I would never make a bet with potential unlimited losses. And I'm not nearly confident enough to gamble on it either way. 

I invest in equities, I don't gamble on the flucuations of currencies.

Bitcoin is a currency?

>> Bitcoin is a currency?

LMGTFY:

Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, as the system works without a central repository or single administrator. https://en.wikipedia.org/wiki/Bitcoin

Can u pay taxes with it?

>> I sold some two weeks ago at a "real value" of $5800/ bitcoin knowing it wouldn't hold the way it was climbing.

So i asked how you guys determine the value of these cryptocurrencies and use that calculation to trigger buys/sells. This is the closest I got to an answer.

73Guy, You trade based on the second derivative of the price over time and don't care about the underlying value? What else factors in?

It's all very touchy feely for me, I admit, ender, and I don't think anyone knows the true value of these assets yet, as it is a very immature market.

If you need to know my process,  I assimilate a broad range of empirical data, analyst projections and message board discussions (some of which are surprisingly robust) to get a sense of the waves and I act accordingly, but most of the time I just sit and buy the big dips and hodl because I believe in the blockchain's ability to streamline and transform and I'm betting it turns out to be big.  I havent added a lot of Bitcoin in about six months, being more active with some of the smaller coins as they have enjoyed larger percentage climbs, but I do pump sone of the more predictable parabolic waves.

I work with this stuff much differently than I approach my equities and real estate where I'm extremely conservative.

I do find myself getting more conservative with my moves as the real value grows though. 

>> I work with this stuff much differently than I approach my equities and real estate where I'm extremely conservative.

I've noticed a trend in people our age. They have nearly all their investments in "solid" traditional investments and a small portion in their guesses (Tesla, cyptocurrencies, tech stocks, etc). Nearly all my friends do this.

Thanks for answering my question. I was genuinely interested in the answer.

Google crickets 

<<<I've noticed a trend in people our age. They have nearly all their investments in "solid" traditional investments and a small portion in their guesses (Tesla, cyptocurrencies, tech stocks, etc). Nearly all my friends do this.

Agreed, but I hadn't thought of it that way until you said it.

Bought some MTL today

CAPTAINS OF FINANCE DISMISS BITCOIN AT THEIR PERIL

https://www.wired.com/story/captains-of-finance-dismiss-bitcoin-at-their...

and more to Lol at Jamie Dimon....

https://qz.com/1101751/jamie-dimon-on-bitcoin-the-cryptocurrency-is-sett...

Jamie Dimon is betting big on the technology behind 'fraud' bitcoin

https://www.cnbc.com/amp/2017/10/16/jpmorgans-dimon-betting-on-blockchai...

Bitcoin exceeds market cap of Goldman Sachs 

5 years Apple 

BTC 50,000

https://www.cnbc.com/video/2017/10/23/bitcoin-price-could-hit-50000-in-a...

It’s hard admitting that you are wrong

We will look back at this stuff as the beginning stages of Adoption.

https://news.bitcoin.com/ledger-wallet-partners-tech-giant-intel/

Bitcoin’s Present Bubble Might Actually be the Beginning of Mainstream Adoption

https://www.google.com/amp/s/api.cointelegraph.com/amp/v1/news/bitcoins-...

Buy now or miss out

biggest investment opportunity maybe ever

not just btc but the top 10 cryptos 

5 -10 years from now when there are 240 million people trying to get their hands on 21 million bitcoin 

it will be HUGE

BTC just a little bit off all time high of $6250 right now.

I got into some VTC last week at $3.20.

pretty happy with it so far.

What happens when amazon accepts it

what happens when an Etf is approved 

https://www.bloomberg.com/news/articles/2017-10-31/cme-group-world-s-biggest-exchange-plans-bitcoin-futures

.

this is really only going in one direction.

from the last article Brochacho linked.....

The world’s largest exchange owner reversed course today and said it plans to introduce bitcoin futures by the end of the year, only a month after dismissing such a plan

another article on Bitcoin futures

Bitcoin surges to record above $6,400 after CME announces launch of futures for digital currency

https://www.cnbc.com/2017/10/31/cme-plans-to-launch-bitcoin-futures-by-y...

>> What happens when amazon accepts it

>> what happens when an Etf is approved 

What happens when Nakamoto dumps his 5% share of all bitcoins?

What happens if another block 74638 type bug manifests itself?

What happens when quantum computers become a reality?

I buy more

CME bitcoin futures news on the front page of today's WSJ, reading the article now.

my coworker built a robot.

Lol at the naysayers

When I buy into an investment I never what it to go up. I love when it tanks. 

BTC $7200

I bought some OMG and feel pretty good about it.

grabbed some more VTC yesterday.

to the moon.

7200. incredible. 

why did vtc lose 40% of its value since monday??

VTC $3.21 > $4.23 in the last 24 hrs.

Its been a volatile week for that one.

I am waiting for the sure to surface eventually, Zonerrand. One of us has to do an initial offering.

A pump and dump if ever there was one, Tony.

;-)

Maybe so but if it is backed by internet trolling futures, it might be a safe bet to go long. 

Lol. That will always be a safe bet.

The problem is diminishing volume.

No where for the smart money to park.

.net is a shitcoin.

Are any of you guys interested in OMG?  I bought ~140 coins for about a 900 USD this week and am gonna see how 2018 goes.  Looking like it's going to explode next year with the release of Omisego later this year.  They're currently $6.50 a piece and expected to go way up.

My strategy is to buy a little of the top 4 coins a week. 

working pretty nice so far, but I did get in 2 years ago. OMG had a nice bounce earlier this year. 

MTL is a decent coin. 

https://www.cnbc.com/2017/11/01/amazon-buys-crypto-domains-bitcoin-ether...

A friend of mine takes a different approach. He buys and then sells on a bounce. He never holds anything for very long

Monero and IOTA

monero totally untraceable currency

and IOTA the internet of things. 

Yes. Got into those two a few weeks back when you mentioned Golem, Brochacho.

BTC $7450 now.

Broke 75

you guys rich yet?

How to lose $63 million at the command line: https://bitcointalk.org/index.php?topic=782.0;all

His wallet: https://blockchain.info/address/167ZWTT8n6s4ya8cGjqNNQjDwDGY31vmHg

>you guys rich yet?

Jah lambo 

Regulating pot with the blockchain?

https://arstechnica.com/tech-policy/2017/11/ibms-plan-to-regulate-pot-wi...

I sold all my bitcoin and turned it into OMG, REP and ETH.

Ether and Litecoin enjoying a nice little pop after all of that money pouring into bitcoin last week.

ETH $326

LTC  $65

It may be a bubble, but 100,000 Coinbase accounts were added last week alone. Coupled with the coming listing of futures and it will be a while before i get nervous.

https://coinmarketcap.com/all/views/all/

.

When the correction happens and it will 

buy more

LTC XMR 

are my favorites for 2018

I'm putting my coins in the change jar. It adds up.

Yesterday morning I was going to buy some OMG at 6.5 

Forgot to and by 2pm it was 8.5 

haha

^ haha.  Yep.  

>> I'm putting my coins in the change jar. It adds up.

Right on.  I've been doing that as well.  Have 500 bucks since January!

BTC 6660 down 1000

BCH at 900 up from 350

OMG 6.8

it fun to watch the follow the leader mentality of crypto

Everyone is in on Bitcoin Cash right?

lol

these coins will make you cray

i love it

Every year someone thinks bitcoin has peaked 

no one has any idea 

if these say otherwise they are full of shit

i don’t care if they bought it in 2009

5893

down 1800+ from high on wednesday

$5988

up $ 5,284 since last November 

both true

6548

nice rally overnight

Rode this wave again.

Sold off some btc at $7380 last week.

Bought more back with that $ on Sunday at $5750.

Not the extreme high or the low, but its a good enough difference to add some Satoshis to the pile for next to nothing.

$6750 currently.

LTC and ETH have been hanging tough during this last bout of volatility.

https://techcrunch.com/2017/11/14/mastercard-has-filed-a-patent-on-its-o...

I’m saving cash just Incase it goes to 500$ and everyone thinks it’s over

>> I’m saving cash just Incase it goes to 500$ and everyone thinks it’s over

Saving cash is a great idea for bitcoin investors.

No cash is no bueno.

any other words of advice for the speculators?

Btc from 5500 7200 in 48 hrs 

lol

These swings are great for leveraging more coins.

Yep. Love gdax  

>Not that I know anything about it,

ender and manfred know a lot about it

Amex joins ripple. But don’t invest in crypto because it’s a bubble 

$7800

Next step is a trading bot

>> Next step is a trading bot

What's the buy/sell triggers?

Looking into a gunbot with a bollinguer bands strategy 

Not quite sure about pulling the trigger

Wow, those gunbot licenses are expensive. Interesting.

first atomic swap between BTC and LTC yesterday.

https://twitter.com/lightning/status/931277111490265088

BTC $8174

time for me to take a breather

https://www.bloomberg.com/view/articles/2017-11-20/bitcoin-has-an-unusua...

We'll know more if bitcoin futures traded on Cboe Global Markets and CME Group attract significant institutional interest, or if the clearing house LedgerX has continued growth in trading volume. 8  If an influx of money causes price and volatility to rise, that suggests a bitcoin bubble. The price rise says that bitcoin price is determined by the ability to sell to new investors, not fundamentals. 9  The rise in volatility accompanying a price increase suggests bubble dynamics that lead to accelerating price gains followed by a crash.

If institutional money comes in without dramatic price and volatility increases, it's evidence against a bitcoin bubble. If there is scant institutional interest and bitcoin prices are stable, it's evidence of no bubble. But if bitcoin prices plunge, it suggests they were supported only by the hope of selling to greater fools.

have the custies ruined it yet?

BTC $8200

ETH $422

LTC $ 77

BTC $8700

ETH $473

LTC $ 86

8912

465

88

9395

nice run in the last 15 hrs

>Glad I got mine when it was $200!

and someone will say "glad i got mine at 10,000"  when's it 100,000

This is close to when I sell a little and wait for it to pull back.

BTC $9700

ETH $ 485

LTC $  91

glad i loaded up on ltc eth vtc and eos 

killing it

think futures start dec 15

right now anyone that knows how to use a computer can make money with this

scary 

looking forward to the weirdness at 10000

i thought dec 11 pending regulatory review

no they made official announcement over weekend

one of those dates

>>>>right now anyone that knows how to use a computer can make money with this

scary<<<<

http://thephilzone.net/viewtopic.php?f=8&t=581

lol

definitely will see some limit up and limit down days

https://seekingalpha.com/article/4127657-futures-spell-end-bitcoin-mania

Two implications follow for Bitcoin. The first is that Bitcoin, far from replacing existing fiat currencies, is becoming more dependent on them. Just as oil is indexed to the dollar, so too is Bitcoin. The result is to strengthen rather than to weaken the value of the dollar for the cryptocurrency world. Stated differently, the financial institutions that are likely to increase the value of Bitcoin long term are at the same time going to make Bitcoin part of, rather than an alternative to, the "banking industrial complex." The Libertarian ideals which animate many in the cryptocurrency world are thus coming to their predictable end, foundering on the rocks of global financial realities. For some, this will be disheartening. I see it as a necessary step for broader acceptance and long-term growth.

The second implication is that it is unclear, immediately, just how the futures market could boost Bitcoin prices. Rather than billions of financial dollars pouring into Bitcoin, they will now pour into futures. This money itself will not, as a result, bid up the price of Bitcoin. It is this point which has left some confused. Could there be two markets, one with Bitcoin and one with Bitcoin futures, both operating independently? If not, then why not? And most importantly, what kind of impact on price can one expect?

Could there be two markets, one with Bitcoin and one with Bitcoin futures, both operating independently?

does not make sense

bitcoin futures contracts will be cash settled 

http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_contractSp...

yep

no other way. cant be settled in bitcoin . hopefully membership prices will go up. sure could use a boost

a platform of trust

This is a good time to remind people to keep your coins in a hard/ offline wallet.  

The exchanges have been hacked before and it will surely happen again. Now, we have come a long way from MT GOX. Coinbase is insured up to a certain amount and there is more long term accountability behind some of the bigger exchanges , but im sure there are new and insidious ways hackers are devising to separate the unwitting from their money.

I keep some walking around money on the exchanges for quick moves, but the bulk of my coins are in a hard wallet.

https://twitter.com/MEKhoko/status/935293650338066432

Question for those who are investing: what are your short, medium and long-term worries about the crypto cash markets?

FOMO 

I get that, but what about the market itself?

Are the other crypto currencies capped, like Bitcoin? 

most are some have low rates of inflation like 1%

95% are shit 

Many to most, but not all are capped, BK.

As someone who is relatively content with my mutual funds, I find this stuff fascinating and give kudos to you guys who play these markets.

Where I’m lost, though, is on the risk. With this high rewards, there has to be huge risk. What could make the bottom fall out? Lack of confidence in the market? With the whole futures thing, are the banks leveraging themselves? Are banks allowing individual investors to borrow against their Bitcoin portfolio?

https://twitter.com/MEKhoko/status/932713226835496968

At its root, all forms of "money" or "value" are purely psychological. We just all play the same game of "society" together because we all agree to the same common denominators

no one should invest anything in any market that they cant afford to lose 

Fair enough. So it’s a really pure form of supply and demand. Limit the supply, create a buzz that goes viral, and demand increases exponentially. As that happens value increases.

you need utility with that buzz.

approaching 5 figures

9945 

470 eth

92.65 ltc